616. APPLICATION OF ACT TO INSURANCE, BANKING, ELECTRICITY SUPPLY AND OTHER COMPANIES GOVERNED BY SPECIAL ACTS

The provisions of this Act shall apply -

(a) to insurance companies, except insofar as the said provisions are inconsistent with the provisions of the Insurance Act, 1938 (4 of 1938) ;

(b) to banking companies, except insofar as the said provisions are inconsistent with the provisions of the †Banking Companies Act, 1949 (10 of 1949) ;

(c) to companies engaged in the generation or supply of electricity, except insofar as the said provisions are inconsistent with the provisions of the Indian Electricity Act, 1910 (9 of 1910), or the Electricity Supply Act, 1948 (54 of 1948) ;

(d) to any other company governed by any special Act for the time being in force, except insofar as the said provisions are inconsistent with the provisions of such special Act ;

(e) to such body corporate, incorporated by any Act for the time being in force, as the Central Government may, by notification in the Official Gazette, specify in this behalf, subject to such exceptions, modifications or adaptations, as may be specified in the notifications.